“The World Is Walking From Crisis To Crisis” – Why BofA Sees $1,500 Gold And $30 Silver

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals, Silver

With both stocks and US Treasury prices at all time highs the market is sensing that something has to give, and that something may just be more QE, which likely explains the move higher in gold to coincide with both risk and risk-haven assets. As of moments ago, gold rose above $1,370, and was back to levels not seen since 2014. Curiously, the move higher is taking place after Friday’s “stellar” jobs report, suggesting that someone does not believe the seasonally-adjusted numbers goalseeked by the BLS.

This post was published at Zero Hedge on Jul 10, 2016.